Everything in Payments Risk and Compliance
Everything in Payments Risk and Compliance
Anti-Money Laundering (AML) model validation is an important process for financial institutions to ensure that their AML systems are effective in detecting suspicious activities while minimizing false positives. Each rule…
Implementing a Card Fraud Rule to Comply with the Interactive Gambling Act 2001 What is the Interactive Gambling Act of 2001? The Interactive Gambling Act 2001 (IGA) is a piece…
Using these tools and platforms provides information, training, and real-time data to help financial institutions, regulators, and law enforcement detect and prevent fraud, money laundering, and other illicit activities. Whether…
In mid-July 2024, WazirX, one of India’s largest cryptocurrency exchanges, was rocked by a massive security breach resulting in the theft of over $230 million in digital assets. The incident…
A fraud rules engine is an analytical or systematic approach employed by financial institutions to detect and prevent fraudulent activities by applying predefined rules and criteria. The concept behind rules…
Let’s understand the basics of transaction monitoring and why financial institutions maintain them and some building blocks of these systems. Here we are just going through some basics and by…
Buyer fraud, also known as purchase fraud, encompasses a range of deceptive practices carried out by purchasers to unfairly benefit or avoid paying for goods and services. These fraudulent activities…
As a merchant there is usually no worse experience than an Account Take Over. These fraud actors can have a few different motives that vary from needing a facility to…
Some merchants may classify this behaviour as Credit Risk but there is a clear intent to profit for a event within which the cardholder will be left out of pocket.…